I have found that in the state of Connecticut, how the coop is taxed can be a real headache. I would recommend looking into the tax laws in the city you are opening to see what the ramifications might be.
Good Luck, Ken On 4/25/11 9:10 AM, "rachel young" <[email protected]> wrote: > > I love co-ops, and I'm a member of a few. I think they work well for many > types of business. We considered starting our space as co-op, but changed our > minds. I've set up a co-op before, and (here in Ontario, at least) it was a > tremendous amount of red tape and government involvement for something that > can be just far easier when registering as a private business. So instead we > try to operate as much as possible like a co-op by involving our members in > decisions and soliciting feedback from them as much as possible, and profits > have gone back into what the space needs. > > However, we did propose the idea of a co-op to a group of folks that joined us > for our first town hall meeting when we were doing our initial outreach to the > community, and one private comment from the crowd stood out for us, which was > something along the lines of "I struggle to make my own business work; I can't > help to run your business too." He was just one person, but we know the rule > that if one person says something there might well be several who are thinking > it. So, that combined with my experience in setting up a co-op changed our > minds. > > Plus there's the issue with that pesky hyphen... :-P > r. > > ____________________ > rachel young > [email protected] > > > > On 25 April 2011 08:43, Mark Nolte <[email protected]> wrote: >> Are any of your coworking spaces a cooperative in legal structure? We are >> considering this model of shared ownership and would appreciate anyone >> offering up their thoughts on pros and cons of such a model >> Thanks Mark. [email protected] >> >> Sent from my iPhone >> >> -- >> You received this message because you are subscribed to the Google Groups >> "Coworking" group. >> To post to this group, send email to [email protected]. >> To unsubscribe from this group, send email to >> [email protected] >> <mailto:coworking%[email protected]> . >> For more options, visit this group at >> http://groups.google.com/group/coworking?hl=en. >> > -- You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
